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I received several emails with differing thoughts on the cost of purchasing coins – what are yours?
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<p>[QUOTE="Paul M., post: 2398290, member: 73165"]I am basically in agreement with what you have here (except I think that dupondius is a little too red!). Even for common coins, I would rather have the best I can afford than just to "fill a hole" in my collection. </p><p><br /></p><p>I'm not always the most focused collector, but I truly enjoy every piece I have, and I think that is the most important thing, because it's a hobby. For example, I've got one completely random Civil War Token because I saw it, I loved it, and it was totally worth the amount of money the dealer was asking <i>to me</i>. I didn't look it up in any price guide because it was inexpensive and cool.</p><p><br /></p><p>One thing you didn't mention is price guides. I see them as a bit of a necessary evil. All price guides are wrong, because no price guide has the exact coin before you in it (unless it's a certified coin or has a traceable pedigree). They list a single number for a given coin, as if all coins of similar grade/rarity/eye appeal/what have you are worth the same. They are not!</p><p><br /></p><p>Price guides are only useful to get a general ball park of what to pay. If you're shopping for quality, you shouldn't be afraid to throw away the price guide. I've paid $250 for what theoretically should be a $50 coin and been ecstatic about it![/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 2398290, member: 73165"]I am basically in agreement with what you have here (except I think that dupondius is a little too red!). Even for common coins, I would rather have the best I can afford than just to "fill a hole" in my collection. I'm not always the most focused collector, but I truly enjoy every piece I have, and I think that is the most important thing, because it's a hobby. For example, I've got one completely random Civil War Token because I saw it, I loved it, and it was totally worth the amount of money the dealer was asking [i]to me[/i]. I didn't look it up in any price guide because it was inexpensive and cool. One thing you didn't mention is price guides. I see them as a bit of a necessary evil. All price guides are wrong, because no price guide has the exact coin before you in it (unless it's a certified coin or has a traceable pedigree). They list a single number for a given coin, as if all coins of similar grade/rarity/eye appeal/what have you are worth the same. They are not! Price guides are only useful to get a general ball park of what to pay. If you're shopping for quality, you shouldn't be afraid to throw away the price guide. I've paid $250 for what theoretically should be a $50 coin and been ecstatic about it![/QUOTE]
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I received several emails with differing thoughts on the cost of purchasing coins – what are yours?
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